Mexico finance minister says wasn't required to disclose loan: report

February 3, 2015 4:08 PM

12
0

MEXICO CITY (Reuters) - Mexican Finance Minister Luis Videgaray would have declared a conflict of interest on a housing loan from a government contractor if the law required it, and acknowledged he paid less than half the market interest rate on the loan, he said in an interview published on Tuesday.

Videgaray told the Milenio TV channel in comments published in its newspaper on Tuesday that he paid an interest rate of 5.31 percent on a loan he received from Grupo Higa to buy a home built by the contractor. The company is embroiled in a scandal involving a bid for a government high-speed train c...